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Crypto Currency - The perfect excuse to Crash the Economy

 
Anonymous Coward
User ID: 58810293
United States
12/18/2017 06:58 PM
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Crypto Currency - The perfect excuse to Crash the Economy
As the price of all these Cryptocurrencies go sky rocket more and more people want to be a part of this game. Pump and Dump Pump and Dump until Bitcoin is at 100,000. More and more people will begin to invest. Some people taking out loans to purchase crypto. Do you honestly think the banking system is not behind this at all? GET SERIOUS. The bankers NEVER LOSE. The game has to be at tipping point where even your grandma as a coin... Make the money while you can and if you have coins store them off line. What you need to do is sell the coins before the bubble pops because Cryptocurrencies will be taken off line either through some kind of attack or they will be regulated. Then what will happen is the banks will offer their own version of crypto - Trade in your dollars for Crypto - I can hear Trump already .... "We're gonna make it the best Crypto currency The best". If much of publics hard earned cash is now invested in crypto - Bam internet is dead - people loose their money ... ECONOMIC DEVASTATION... Good luck make it while you can and secure the coins offline. Its the same game just a different field.

This is just a thought
banned02
Anonymous Coward
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12/18/2017 07:27 PM
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Re: Crypto Currency - The perfect excuse to Crash the Economy
I think your wrong and here's why.

As it becomes harder and harder to export inflation as a balance to all the printing, the dollar is looking for a place to neuterize all of the inflation. People that have money to invest in the cryptos are the ones that could rise inflation to quickly. They can only pump the market so quick as to seem like they are juicing it. All money that is created is based on the leverage afforded to those assets.
Money that is created from production (jobs) is the other side of that creation (disposable income). Those two totally different kinds of money creation and types, are always fighting and looking for a balance. Electronic money is created without human labor and is deflationary and labor money created through production is inflationary. Unless the electronic money gets into the velocity, then it becomes inflationary. If they can't have rising asset prices, they can't print as the leverage ratio is disrupted. As prices and the value of leveraged assets goes up they can print without affecting that leverage ratio, it stays the same. If the asset price deflates the leverage ratio goes up on it's own with basic math. I believe that cryptos are a stop gap measure to direct all that potentially inflationary money into it. Otherwise if that same type of money (disposable income) was within the velocity of money, inflation could not be held at a controlled rate and the death of the dollar of which they, the TPTB hold the most of, would become less valuable.
They are trying to maintain the worldwide value and control of the dollars that they possess, by allowing the money that could make their dollars less valuable flow into cryptos.
Anonymous Coward
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12/18/2017 07:47 PM
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Re: Crypto Currency - The perfect excuse to Crash the Economy
The house always wins.





GLP